In today's episode, we'll dive into a topic that often complicates business finances—business travel deductions. Whether you're a solo entrepreneur or managing a team of traveling employees, keeping track of travel expenses can be daunting. But don't worry, I've got you covered. I'll be sharing a smart strategy using GSA per diem rates to simplify this process, ensuring you stay organized and compliant. Plus, I'll sprinkle in some practical tips to make your travel expense tracking hassle-free. Stay tuned for valuable insights that will make your next business trip smoother and more efficient.

What you'll hear in this episode:

03:23 Employees choose necessary incidentals, not transportation costs.

07:11 Control spending on company credit card effectively.

If you like this episode, check out:

What They Never Tell You About Depreciation

How to Deduct Self-Employed Health Insurance Premiums

Should I Hire a Tax Strategist?

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.